| harry38 - 1/28/2026 19:50
I just bought some life insurance on my 75 year old mom to give me some cash to help buy my brothers out of some of the estate. If some of you people would do this it would provide some cash to keep the absentee family member happy.
I also at 48 years old took some 30 year term life insurance to help with my own estate planning. The sooner you get started the easier and cheaper it is, by far. Term insurance is great for what its designed for, mainly debt protection. But lousy in an estate plan, because it is designed to be not in force when you die. Less than 2% of term policies are ever in force when policyowners die.(some statistics peg it less than 1%)Dont believe me? Try and buy a term policy that extends beyond your average life expectancy. And I'm not talking "Whole life", that eveybody talks about and hates so bad on here, and rightly so. It sucks. Im talking a modern plan thats cash value accumulations are indexed to a myriad of different market indexes, but the most common is the S&P 500. Some plans even offer a precious metals index. These policies credit a percentage of the chosen index gains, in exchange for none of the losses. Thats a big deal to be able to participate in equities markets, with none of the risk. Also many plans now include chronic care included, to cover the cost of long term care. All a vital part of an estate plan nobody seems to talk about, because the nursing home can derail plans if not accounted for.
Edited by Boone & Crockett 1/29/2026 10:20
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Estate plans -add on too Mkt. talk discussion